The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More

The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More

This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More

Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More

Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More

Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More

The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More

In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More

Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More

Toronto-based Mountain Province Diamonds has begun the winter exploration program at its 100% owned Kennady North project. The property is adjacent to the Gahcho Kue diamond mine, a joint venture of De Beers Canada (51%) and Mountain Province (49%).The winter program at Kennady North will focus on drilling several combined indicator and geophysical targets located west and southwest of the Hearne...Read More

BHP Group Ltd, the world's biggest miner, announced a raft of management changes on Thursday, in line with its "transformation agenda" led by Chief Executive Andrew Mackenzie.The executive-level changes at BHP include the appointment of a chief commercial officer and the resignation of its president of petroleum operations.Mackenzie late last year set up a so-called transformation office that repo...Read More

One of the stocks is flirting with a 13-day win streakSoftware names Workday Inc (NASDAQ: WDAY) and VMware, Inc. (NYSE:VMW) are set to report earnings after the close tomorrow, Feb. 28, and both stocks have been strong heading into the quarterly updates. Below, we'll take a closer look at WDAY and VMW shares to see how Wall Street is positioned before earnings. Room For Bull Notes on WorkdayWDAY s...Read More

Vancouver-based Blue Sky Uranium Corp. has announced positive results from the preliminary economic assessment of its Ivana uranium-vanadium deposit. The deposit is part of the company's Amarillo Grande project in the Rio Negro Province.The PEA calls for an open pit mine that will produce both uranium and vanadium for 13 years. The pre-production capex will be $128.1 million including $28.3 milli...Read More

Vancouver-based Blue Sky Uranium Corp. has announced positive results from the preliminary economic assessment of its Ivana uranium-vanadium deposit. The deposit is part of the company's Amarillo Grande project in the Rio Negro Province.The PEA calls for an open pit mine that will produce both uranium and vanadium for 13 years. The pre-production capex will be $128.1 million including $28.3 milli...Read More

Vancouver-based Blue Sky Uranium Corp. has announced positive results from the preliminary economic assessment of its Ivana uranium-vanadium deposit. The deposit is part of the company's Amarillo Grande project in the Rio Negro Province.The PEA calls for an open pit mine that will produce both uranium and vanadium for 13 years. The pre-production capex will be $128.1 million including $28.3 milli...Read More

Gold prices on Wednesday finished lower for a third consecutive session, giving up its month-to-date gain, even as uncertainty hung over financial markets, putting pressure on stocks. "Gold has lost a bit of its allure over the last week, which may be indicative of a trade that's become a little overcrowded and prone for correction," said Craig Erlam, senior market analyst at Oanda, in a daily not...Read More

The stocks have ended March higher every year for the past decadeOil prices are higher this afternoon, after U.S. crude and gasoline inventories declined last week. Meanwhile, a pair of energy stocks could muscle even higher in the next few weeks, if recent history is any indicator. Specifically, both Atmos Energy Corporation (NYSE:ATO) and Sempra Energy (NYSE:SRE) stocks tend to thrive in the mon...Read More

VIX fell more than 30% below its 50-day trendline earlier this weekThe Cboe Volatility Index (VIX) has imploded by historical measures in 2019, falling from a Dec. 26 intraday peak at 36.20 to a Feb. 22 four-month closing low of 13.51. However, a rare technical signal just flashed for the stock market's "fear gauge," which could suggest a short-term spike in volatility, if past is precedent.Accord...Read More

The mobile game maker could be on sale at current levelsGlu Mobile Inc. (NASDAQ:GLUU) stock hit an 11-year high of $10.40 on Feb. 4, just before the company reported disappointing earnings. The equity subsequently dropped on the news, but has found an area of support atop the $8.50 level, and still boasts in impressive year-over-year gain of 129%. What's more, the mobile game maker just flashed a...Read More

Fed Chair Jerome Powell is concluding his congressional testimony todayThe Dow Jones Industrial Average (DJI) is sharply lower at midday, down nearly 150 points amid flurry of market-moving events. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are joining the Dow in the red,after U.S. Trade Representative Robert Lighthizer said in congressional testimony that "much still needs to be don...Read More

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).Increased sharehold...Read More

Company returning $13.5B to investorsRead full newsRead More

PLNT has been a long-term outperformer on the chartsShares of Planet Fitness Inc (NYSE:PLNT) are moving higher this morning, after the company last night reported fourth-quarter earnings that surpassed estimates. With earnings coming in at 34 cents per share on $174.4 million in revenue, PLNT was last seen up 6.8% at $60.81. PLNT has been on a long-term uptrend on the charts, having added 63% yea...Read More

* Emergency teams looking for 37 buried by disaster* Spades, ropes used to search muddy hillside for survivors* At least 4 killed, 19 rescued - disaster agency and media* Illegal mine situated in North Sulawesi province* Such mines banned by Jakarta, are prone to mishapsIndonesian authorities on Wednesday ramped up efforts to find 37 people feared buried by the collapse of an illegal gold mine on...Read More

BBY stock is soaring after a holiday-quarter beat The shares of Best Buy Co Inc (NYSE:BBY) are up 16% at $69.93 today, after the electronics retailer announced fourth-quarter earnings and revenue that beat expectations. The company also issued upbeat guidance and announced a dividend hike. BBY stockis now pacing for its biggest one-day pop since May 2017. BBY stock just bottomed out at an annual...Read More

The Chilean government will actively be seeking investors for 25 new mining projects when it attends the PDAC Convention in Toronto next week. The projects, which include the mining of a variety of metals including copper, gold, lithium and cobalt, will represent an investment of $500 million and are estimated to lead to 1,500 new jobs in the construction phase alone.Chile's Minister of Mining, Ba...Read More

The Chilean government will actively be seeking investors for 25 new mining projects when it attends the PDAC Convention in Toronto next week. The projects, which include the mining of a variety of metals including copper, gold, lithium and cobalt, will represent an investment of $500 million and are estimated to lead to 1,500 new jobs in the construction phase alone.Chile's Minister of Mining, Ba...Read More

South Africa's state-owned power utility refused to renegotiate a coal deal with a mine owned by Glencore Plc's local unit and tried to penalize it for supplying sub-standard fuel, resulting in the operation being placed in bankruptcy protection and being sold, a former head of the business said."It was a stonewall negotiation. It wasn't a discussion, it was a position."The Optimum coal mine suppl...Read More

* U.N. meeting in Jamaica to work on deep sea mining law* China holds most licences, Belgium has technological edge* DeepGreen has partnership with Denmark's Maersk* DEME unit Global Sea Mineral Resources tests technologyBelgian group DEME and Canada's DeepGreen are carrying out tests and research to collect nodules containing copper, cobalt and other minerals from the ocean floor, as a race to mi...Read More